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Mexican silver is Usually 90% silver and above (sterling is 92.5% silver 7.5% copper). However, if you mean a Mexican Onza coin, these are .999 pure silver and are priced by the current spot silver price. Currently silver is selling for about $13 an ounce, so a dealer would probably buy at $10-$11 and sell at $15-$16.

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Q: What is one ounce of Mexican silver worth?
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